Shenzhen Inovance (China) Price on October 12, 2023
| 300124 Stock | 60.71 1.09 1.76% |
Below is the normalized historical share price chart for Shenzhen Inovance Tech extending back to September 28, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Shenzhen Inovance stands at 60.71, as last reported on the 16th of January 2025, with the highest price reaching 61.93 and the lowest price hitting 60.45 during the day.
If you're considering investing in Shenzhen Stock, it is important to understand the factors that can impact its price. At this point, Shenzhen Inovance is very steady. Shenzhen Inovance Tech owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0365, which indicates the firm had a 0.0365% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Shenzhen Inovance Tech, which you can use to evaluate the volatility of the company. Please validate Shenzhen Inovance's Risk Adjusted Performance of 0.0407, coefficient of variation of 2408.57, and Semi Deviation of 1.89 to confirm if the risk estimate we provide is consistent with the expected return of 0.0854%.
At present, Shenzhen Inovance's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 3.2 B, whereas Other Stockholder Equity is forecasted to decline to about 10.3 M. . Shenzhen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 28th of September 2010 | 200 Day MA 54.8087 | 50 Day MA 59.8398 | Beta 1.12 |
Shenzhen |
Sharpe Ratio = 0.0365
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| Cash | Small Risk | 300124 | High Risk | Huge Risk |
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Estimated Market Risk
| 2.34 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Shenzhen Inovance is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Shenzhen Inovance by adding it to a well-diversified portfolio.
Price Book 6.2848 | Enterprise Value Ebitda 30.8061 | Price Sales 4.5796 | Shares Float 1.6 B | Dividend Share 0.45 |
Shenzhen Inovance Valuation on October 12, 2023
It is possible to determine the worth of Shenzhen Inovance on a given historical date. On October 12, 2023 Shenzhen was worth 66.29 at the beginning of the trading date compared to the closed value of 65.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Shenzhen Inovance stock. Still, in general, we apply an absolute valuation method to find Shenzhen Inovance's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Shenzhen Inovance where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Shenzhen Inovance's related companies.
| Open | High | Low | Close | Volume | |
| 65.75 | 66.76 | 65.29 | 66.34 | 8,781,977 | |
10/12/2023 | 66.29 | 66.70 | 65.39 | 65.69 | 5,618,249 |
| 65.49 | 65.67 | 64.53 | 65.20 | 6,106,508 |
| Backtest Shenzhen Inovance | | | Shenzhen Inovance History | | | Shenzhen Inovance Valuation | Previous | Next |
Shenzhen Inovance Trading Date Momentum on October 12, 2023
| On October 13 2023 Shenzhen Inovance Tech was traded for 65.20 at the closing time. The highest price during the trading period was 65.67 and the lowest recorded bid was listed for 64.53 . The volume for the day was 6.1 M. This history from October 13, 2023 contributed to the next trading day price decline. The daily price change to the next closing price was 0.75% . The trading price change to the current price is 5.51% . |
Shenzhen Inovance Tech Fundamentals Correlations and Trends
By evaluating Shenzhen Inovance's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Shenzhen Inovance's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Shenzhen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Shenzhen Inovance Stock history
Shenzhen Inovance investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Shenzhen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Shenzhen Inovance Tech will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Shenzhen Inovance stock prices may prove useful in developing a viable investing in Shenzhen Inovance
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 3.1 B | 2.9 B | |
| Net Income Applicable To Common Shares | 5 B | 5.2 B |
Shenzhen Inovance Quarterly Net Working Capital |
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Shenzhen Inovance Stock Technical Analysis
Shenzhen Inovance technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Shenzhen Inovance Period Price Range
Low | January 16, 2025
| High |
0.00 | 0.00 |
Shenzhen Inovance Tech cannot be verified against its exchange. Please verify the symbol is currently traded on Shenzhen Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Shenzhen Inovance January 16, 2025 Market Strength
Market strength indicators help investors to evaluate how Shenzhen Inovance stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Shenzhen Inovance shares will generate the highest return on investment. By undertsting and applying Shenzhen Inovance stock market strength indicators, traders can identify Shenzhen Inovance Tech entry and exit signals to maximize returns
Shenzhen Inovance Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Shenzhen Inovance's price direction in advance. Along with the technical and fundamental analysis of Shenzhen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Shenzhen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0407 | |||
| Jensen Alpha | 0.0978 | |||
| Total Risk Alpha | 0.1347 | |||
| Sortino Ratio | 0.0538 | |||
| Treynor Ratio | 0.2169 |
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Complementary Tools for Shenzhen Stock analysis
When running Shenzhen Inovance's price analysis, check to measure Shenzhen Inovance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Shenzhen Inovance is operating at the current time. Most of Shenzhen Inovance's value examination focuses on studying past and present price action to predict the probability of Shenzhen Inovance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shenzhen Inovance's price. Additionally, you may evaluate how the addition of Shenzhen Inovance to your portfolios can decrease your overall portfolio volatility.
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